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Nigeria’s cooking gas prices have jumped by over 800% in 10 years, rising from about N250/kg in 2016Despite having one of Africa’s largest gas reserves, more than half of Nigeria’s gas production is exportedRising global energy pressures, supply shortages have pushed the cost of filling a 12.5kg cylinder to about N30,000
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian cooking gas market is once again under pressure, with demand, supply constraints and export commitments pushing LPG prices to record highs, and placing further strain on the budgets of homes and small businesses.
In Nigeria, a decade ago cooking gas was a lot more accessible for many households; it cost students and low income earners about N250 to purchase a kilogramme.
LPG costs soar, squeezing Nigerian households and businesses Photo: BloombergSource: Getty Images
LPG prices are
